Problem/Question I need my purchase invoices for the year to be posted to the accounts as I did not realise this needed doing for my tax return, can KCC technicians do this in bulk for me? Solution Unfortunately we do not offer any assistance with ...
Found in: Crediting, Invoicing & Statements
Overview This video shows you how to get your data ready prior to submitting a VAT return. Step by Step instructions can be found below the video. Steps 1. In Accounts, click on Tax Register. 2. Green Select all items in the grid. 3. Use the Actions ...
Found in: TAX Register & Taxing
Overview This video covers the selecting of data ready to submit your VAT Return and then the process of submitting your VAT Return using Making Tax Digital (MTD). There are instruction below the video. HMRC - New Numbering System Please be aware ...
Found in: TAX Register & Taxing
Question/Problem The incorrect details have been entered in to the Making Tax Digital Authentication. Resolution/Solution Please contact the Support Team as they will be able to reset this for you. Notes/Caveats This generally only happens if you are ...
Found in: TAX Register & Taxing
Overview This video explains how to set up and use country specific VAT in Khaos Control Cloud. There are step by step setup instructions below the video. Steps Firstly, enable Country Specific Tax. Go to [System Setup | System Values | Accounts]. ...
Found in: TAX Register & Taxing
Overview This video explains how to enter reverse charge VAT expenses into your purchase ledger. A step by step guide can be found below the video. Steps In Accounts, open the Sales and Purchase Ledger Invoicing screen. Enter Edit mode. Use the New ...
Found in: TAX Register & Taxing
Question/Problem I am using country specific VAT and I need to know what my tax liabilities are for a specific country in order to complete a tax return. Where on KCC can I find out this information? Resolution/Solution You can view this information ...
Found in: TAX Register & Taxing
Overview You need to setup your tax rates so that the correct rate is applied when purchasing and selling items. See the video for more information: A step by step guide can be found below the video. Steps In System Setup, open System Data. Double ...
Found in: TAX Register & Taxing
Overview When setting up EC companies it is useful to understand what happens when the following fields on the Customer General screen are used: Tax Ref EC Company Company pays tax For all the following both the Tax and EU checkboxes in System Data ...
Found in: EC Companies
Overview There is no specific area in KCC for corporation tax however it is possible to reflect the payment of corporation tax on the system accounts. Usage The process of doing this is the same as it were a utility bill or other expense on the SP ...
Found in: TAX Register & Taxing
Following a recent update to EKM, on a per-site basis EKM determine if the prices sent to KCC are Net or Gross, up to now all customers have been using Gross. However there is a separate "tax call" we can do which will return information including ...
Found in: EKM
New Feature: Brexit change - Country Tax, which allows for TaxRates to be defined and used for different countries New Feature: Country Tax... [System Data | Countries] action added to add TaxRates to a country New Feature: Country Tax... [System ...
Found in: What's New
Problem/Question A sale that is tax exempt has had VAT applied. How can I change this from happening to this customer again? Solution Once the sales invoice has been issued you can no longer change it. You will need to perform a return, as stated ...
Found in: Payments & Pricing
Overview In order to set our system so it is ready for IOSS, the following settings should be set as required. BEFORE YOU BEGIN Read the IOSS information for KCC user here, EU Vat Import One Stop Shop (IOSS) to ensure you meet the criteria for IOSS. ...
Found in: Brexit & IOSS
Question/Problem None of my Level 2 Stock Types have a TaxJar Product Tax Code recorded against them. In this scenario, how do I perform an exchange for an Out Of State sales order and not have KCC applying tax to the exchange? Resolution/Solution We ...
Found in: Processing Customer Returns